Holding(s) in Company

Drax Group PLC

31 January 2024

 

Le TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B1VNSX38

Issuer Name

DRAX GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

Name	City of registered office	Country of registered office
Merrill Lynch International	London	United Kingdom

5. Date on which the threshold was crossed or reached

29-Jan-2024

6. Date on which Issuer notified

30-Jan-2024

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	3.574815	7.589432	11.164247	42944938
Position of previous notification (if applicable)	4.013891	7.551882	11.565773

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00B1VNSX38		13751057		3.574815
Sub Total 8.A	13751057		3.574815%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Right to Recall	N/A	N/A	281420	0.073160
Physical Swap	16/05/2024	N/A	6770466	1.760095
Physical Swap	15/05/2024	N/A	1971918	0.512633
Sub Total 8.B1			9023804	2.345888%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Swaps	31/07/2024	N/A	Cash	2457018	0.638743
Swaps	01/03/2024	N/A	Cash	2400000	0.623920
Swaps	30/08/2024	N/A	Cash	1558556	0.405172
Swaps	07/11/2025	N/A	Cash	939521	0.244244
Swaps	17/05/2024	N/A	Cash	3621705	0.941522
Swaps	26/05/2026	N/A	Cash	2308562	0.600149
Swaps	18/11/2024	N/A	Cash	139917	0.036374
Swaps	24/04/2024	N/A	Cash	118	0.000031
Swaps	02/07/2024	N/A	Cash	51623	0.013420
Swaps	23/10/2024	N/A	Cash	1004939	0.261251
Swaps	18/04/2024	N/A	Cash	2597438	0.675247
Swaps	15/02/2024	N/A	Cash	15519	0.004034
Swaps	31/10/2024	N/A	Cash	62231	0.016178
Swaps	29/11/2024	N/A	Cash	1117	0.000290
Swaps	24/06/2024	N/A	Cash	292989	0.076167
Swaps	15/12/2028	N/A	Cash	12665	0.003292
Swaps	23/07/2024	N/A	Cash	2530599	0.657871
Swaps	06/05/2025	N/A	Cash	12371	0.003216
Swaps	02/12/2024	N/A	Cash	2013	0.000523
Swaps	18/03/2026	N/A	Cash	146068	0.037973
Swaps	15/02/2028	N/A	Cash	14849	0.003860
Swaps	25/02/2025	N/A	Cash	240	0.000062
Swaps	24/07/2025	N/A	Cash	19	0.000005
Sub Total 8.B2				20170077	5.243544%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Bank of America Corporation	Bank of America, National Association		3.383654	3.383654%
Bank of America Corporation	BofA Securities Europe, SA
Bank of America Corporation	Managed Account Advisors, LLC
Bank of America Corporation	Merrill Lynch International	3.571207	4.191629	7.762836%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

30-Jan-2024

13. Place Of Completion

United Kingdom

 

END